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Friday, November 25, 2016

State Bank of India Chairman Arundhati Bhattacharya on Thursday said that the merger of associate banks with SBI is on track and remains unaffected because of the demonetisation move.

“There is a separate team working on this and they are not into demonetisation exercise,” she told reporters in Coimbatore.

She said the demonetisation exercise has impacted branch working. “But this has not impacted any other team working alongside. So the merger exercise is on track. We have to receive the Government approval, there are several steps along the way. Once approved, we will come together,” she said, unwilling to commit on a timeline.

The SBI chief is in the city to take part in a leadership summit titled “Insight – The DNA of Success”, organised by Isha Leadership Academy.